According to Zacks, “Newtek Capital, Inc. resulted from the combination of the businesses previously owned by BJB Holdings, Inc. and REXX Environmental Corporation and is operating as a holding company for a network of partner companies in a collaborative and coordinated effort to develop successful businesses in a number of existing as well as emerging, technological business lines. “
Separately, StockNews.com began coverage on Newtek Business Services in a research report on Thursday, March 31st. They set a “hold” rating on the stock.
Newtek Business Services (NASDAQ:NEWT – Get Rating) last released its quarterly earnings data on Wednesday, February 23rd. The business services provider reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The business had revenue of $24.80 million for the quarter, compared to the consensus estimate of $14.29 million. Newtek Business Services had a net margin of 99.71% and a return on equity of 21.02%. During the same period in the prior year, the firm earned $0.45 earnings per share. As a group, equities analysts expect that Newtek Business Services will post 2.71 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of NEWT. Arkadios Wealth Advisors raised its holdings in shares of Newtek Business Services by 4.5% in the 1st quarter. Arkadios Wealth Advisors now owns 43,891 shares of the business services provider’s stock valued at $1,172,000 after acquiring an additional 1,882 shares in the last quarter. Brookstone Capital Management raised its stake in Newtek Business Services by 3.9% in the first quarter. Brookstone Capital Management now owns 19,665 shares of the business services provider’s stock valued at $493,000 after purchasing an additional 740 shares in the last quarter. Paradigm Financial Partners LLC bought a new stake in Newtek Business Services during the fourth quarter valued at approximately $536,000. Jaffetilchin Investment Partners LLC increased its holdings in shares of Newtek Business Services by 8.6% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 34,214 shares of the business services provider’s stock worth $945,000 after buying an additional 2,705 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Newtek Business Services by 1,542.8% during the 4th quarter. Marshall Wace LLP now owns 309,625 shares of the business services provider’s stock valued at $8,555,000 after buying an additional 290,778 shares in the last quarter. Institutional investors and hedge funds own 25.22% of the company’s stock.
Newtek Business Services Company Profile (Get Rating)
Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses. The firm seeks to makes both debt and equity investments.
- Get a free copy of the StockNews.com research report on Newtek Business Services (NEWT)
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